23 Bigham Road, Liverpool

Description

A terrace house requiring modernisation with accommodation arranged on three floors, with a yard at the rear.

Accommodation

Top floor: Bedroom Four. First floor: Bedroom One, Bedroom Two, Bedroom Three, Bathroom/WC. Ground floor: Entrance Hall, Living Room, Kitchen, Bathroom/WC. Yard at rear.

Location

Situated off Sheil Road, close to amenities available in Liverpool City Centre and travelling facilities including Edge Hill and Liverpool Lime Street Train Stations. Newsham Park & Garden is also nearby.

Tenure / Property Information

Investment Analysis

The five supplied same-road freehold terraced sales range from £82,000 to £125,000, with an average of £107,600. The two most recent sales were £106,000 and £110,000. A base GDV of £110,000 is a reasonable evidence-based estimate, but bedroom mix, condition and specification of the comparables are not confirmed. Low and high scenarios are set at £100,000 and £120,000.

Investment Snapshot

Strategy Recommendation

Proceed only subject to inspection and review of the legal pack and special conditions. The apparent discount to local sold evidence may suit a refurbishment-led resale, but the unknown works cost and unavailable rental evidence prevent a firm investment decision.

Works Required

Modernisation of the three-storey terraced house, including the living accommodation, kitchen, two bathrooms, bedrooms and general finishes. The evidence does not specify individual defects or required structural works, so a refurbishment budget cannot be reliably quantified.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A potential BRRR route exists based on a guide of £40,000+ and an indicative 75% refinance value of £82,500 against the £110,000 base GDV. However, total project cost cannot be calculated because works, seller fees and other acquisition costs are not fully known.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The property is vacant and requires modernisation, with refurbishment costs also unquantified.

Flip Analysis

The supplied same-road sales support a base resale value of approximately £110,000, subject to condition and specification. A flip surplus cannot be calculated because refurbishment costs and any resale allowance are unsupported.

Investor Risks & Due Diligence

• The property is described as requiring modernisation, but the extent and cost of works are not provided.

• No sufficiently specific rental evidence is available, so rental yield and BTL cash flow cannot be assessed.

• Additional seller fees may be payable under the special conditions, but their amount is unknown.

• The guide price is £40,000+ and the final purchase price is uncertain.

• The buyer must provide the balance of the 10% deposit, subject to a £5,000 minimum, within 24 hours of the auction date.

Recommendation

Proceed only subject to inspection and review of the legal pack and special conditions. The apparent discount to local sold evidence may suit a refurbishment-led resale, but the unknown works cost and unavailable rental evidence prevent a firm investment decision.

Strategy Rating

Analysis Confidence

There are five relevant same-road completed sales and clear tenure and occupancy information, but the comparable property details, required works, rental value and potential seller fees are incomplete.